{"id":39933,"date":"2023-01-04T06:27:00","date_gmt":"2023-01-04T06:27:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=39933"},"modified":"2023-01-04T13:53:08","modified_gmt":"2023-01-04T13:53:08","slug":"morning-brief-us-dollar-sizzles-on-tuesday","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/morning-brief-us-dollar-sizzles-on-tuesday\/","title":{"rendered":"Morning Brief &#8211; US dollar sizzles on Tuesday"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"39933\" class=\"elementor elementor-39933\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-82ba55e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"82ba55e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-331a719\" data-id=\"331a719\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fd472a9 elementor-widget elementor-widget-text-editor\" data-id=\"fd472a9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Improved risk-on trading sentiment was the main story during the Asian session due to improvements in China surrounding COVID-19 and the promise of financial support from the authorities in China.<\/p><p>On the back on the news today the <a href=\"http:\/\/bit.ly\/2KiYlmw\" target=\"_blank\" rel=\"noopener\">Chinese yuan<\/a> currency has seen renewed demand and currently trades at its highest level against the US dollar.<\/p><p>Additionally, risk-on currencies such as the <a href=\"http:\/\/bit.ly\/2yFD0hu\" target=\"_blank\" rel=\"noopener\">Australian dollar<\/a> and <a href=\"http:\/\/bit.ly\/2KflF5J\" target=\"_blank\" rel=\"noopener\">New Zealand dollar<\/a> popped higher. In Australia specific news, China said it may ease its ban on Australian coal.<\/p><p>Finance Minister Liu Kun in an interview with China&#8217;s official Xinhua News Agency said that \u201cthe government has to enhance transfer payments to less developed areas as well as increase fiscal spending and investment in more regions using the proceeds from issuance of special government bonds.\u201d<\/p><p>Minister Liu Kun also said the Chinese government \u201cwill prevent systemic risks from government debt\u201d and also that \u201crisks are controllable\u201d within China.<\/p><p>The People&#8217;s Bank of China&#8217;s branch in Guangzhou has recently guided financial institutions under its supervision to provide offshore financing to quality property developers.<\/p><p>Quoting the branch they said that they \u201cbacked a domestic guarantee involving over 2.8 billion yuan of funding.\u201d A resurgence in subway use is also being reported today.<\/p><p>The increased usage in significant Chinese cities suggests that the &#8220;exit wave&#8221; of Covid infections may have crested in several urban areas. Among the 11 cities reporting so are Shanghai, Guangzhou, Shenzhen, and Nanjing. All say they are seeing a rebound in trips over the last week.<\/p><p>Some of the major investment banks have given commentary on the measures. Citibank has said \u201cThe People&#8217;s Bank of China (PBOC) may remain accommodative in the early stage of reopening but gradually turn mindful of inflation risks afterwards.&#8221;<\/p><p>Citi analysts also said in a note. &#8220;The return of China&#8217;s growth story is likely to keep its interest rates and stock earnings up and support the RMB.&#8221;<\/p><p>ANZ bank Khoon Goh, head of Asia research said, &#8220;The Chinese yuan has tended to strengthen from the beginning of the year leading into the Lunar New Year holidays.&#8221;<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Improved risk-on trading sentiment was the main story during the Asian session due to improvements in China surrounding COVID-19 and the promise of financial support from the authorities in China. On the back on the news today the Chinese yuan currency has seen renewed demand and currently trades at its highest level against the US [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":32185,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[606,45,202,67,103],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Morning Brief - US dollar sizzles on Tuesday - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/morning-brief-us-dollar-sizzles-on-tuesday\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief - US dollar sizzles on Tuesday Morning Brief - US dollar sizzles on Tuesday\" \/>\n<meta property=\"og:description\" content=\"Improved risk-on trading sentiment was the main story during the Asian session due to improvements in China surrounding COVID-19 and the promise of financial support from the authorities in China.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/morning-brief-us-dollar-sizzles-on-tuesday\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-04T06:27:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-04T13:53:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/07\/GettyImages-1391887455-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"971\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morning Brief - US dollar sizzles on Tuesday Morning Brief - US dollar sizzles on Tuesday\" \/>\n<meta name=\"twitter:description\" content=\"Improved risk-on trading sentiment was the main story during the Asian session due to improvements in China surrounding COVID-19 and the promise of financial support from the authorities in China.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-us-dollar-sizzles-on-tuesday\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-us-dollar-sizzles-on-tuesday\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Morning Brief &#8211; 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